GST: CREDAI seeks bank funding for developers to buy land for affordable housing projects – GST Station

ETRealty.com brings latest gst news, views and updates from all top sources for the Indian Real estate industry.. credai seeks bank funding for developers to buy land for affordable housing projects. Land funding is typically done by NBFCs or private equities, it said, but added that cost to.

CREDAI seeks bank funding for developers to buy land for affordable housing projects. Realtors apex body credai in its budget wish list has demanded that banks should fund developers to buy land for development of affordable housing projects. It has also stated that the definition of affordable housing should be same across all the legislation.

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Experts see grey spots in GST on under-construction flats The finance ministry allowed one-third of an apartment cost to be deducted towards the transfer of land and pay GST.

 · a. Affordable Housing PPP – The Road project PPP model in India is a good template to learn from. The government should standardize documentation and take care of land acquisition. The government should acquire land that is relevant for affordable housing directly. This also assists distressed developers to monetize assets from their land.

The government enacted the Real Estate (Regulation & Development) Act 2016 and all the sections of the Act have come into force with effect from May 1, this year. With the advent of GST and RERA, developers would now have to adopt higher standards of performance compelling them to invest in project management, say experts.

 · The Securities and Exchange Board of India (Sebi) had concluded in its interim order that the fund mobilising activity of KMJ Land Developers India under the garb of a real estate business for the sale/purchase, development and maintenance of agricultural land fell within the parameters of a CIS. "I have perused the contents of the interim.

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New Delhi: The National Housing Bank’s direction. liquidity situation of developers. But, NAREDCO President Niranjan.

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